The FDIC final regulations will, as of April 1, 2024, change how bank accounts held in the name of a trust will be insured. This rule change treats both revocable and irrevocable trust the same ...

Revised Coverage Limits for Trust Accounts Under the updated rules, trust deposits are now capped at $1.25 million in FDIC coverage per trust owner per insured depository institution.

Trust account assets, unlike bank accounts (including demand deposit accounts, money market deposit accounts, savings accounts and certificates of deposit), are not comingled with bank assets.

The Federal Deposit Insurance Corporation (FDIC) said in a statement late Sunday it had agreed that First-Citizens Bank & Trust Company would buy all of SVB’s deposits and loans that regulators ...

BNY Mellon, State Street, Northern Trust were recently among 6 banks facing possible downgrades. If that has you worried, here's what to know.

The FDIC insurance coverage limit at most banks is $250,000 per depositor, per bank, per ownership category. Ownership categories include single accounts, joint accounts and trust accounts.

The FDIC is an independent government agency that was created by the Banking Act of 1933 during the Great Depression to restore trust in the American banking system.